Holly Company has the following information for December 1 to December 31. All direct materials are 100% complete.

Work-in-Process
Beginning balance December 200 units, 20% complete for conversion	$	14,000	Completed 800 units and transferred to finished goods inventory	$131,182
Direct materials		54,000
Direct labor		34,000
Factory overhead
Property taxes		6,000
Depreciation		32,000
Utilities		18,000
Indirect labor		4,000
Ending balance December 31, 300 units, 40% complete		30,818

Required:

Calculate equivalent units using the weighted-average and FIFO methods.

Weighted FIFO

Materials:

Conversion: